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The Kenya Times
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    Afa To Issue Coffee Export Licenses To 11 Companies In Kenya

    11 Companies to Be Granted Licenses to Export Coffee From Kenya [Full List]

    Safaricom Seeks Renewal Of Nfp-T1 And Igss Licences In New Ca Gazette Notice

    Safaricom Applies for Renewal of Two Key Licences, Kenyans Given 30 Days to Respond

    An Illustration Of Doctors In An Autopsy Room. Photo/ Grok

    How Much Kenyan Doctors Earn: Salaries, Allowances, and Pay Gaps

    Malaysia Eyes Investment In Kenya’s Affordable Housing Initiative Under President Ruto

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    Ruto And Css Announce State Appointments, Former Taita Taveta Governor John Muruttu Among Appointees

    Ruto and CSs Make Fresh State Appointments, Including Former Governor

    Kenya Secures Ksh193 B Loan, Iebc Jobs And Agoa Expires

    IEBC Adds 670 New Voters Just Few Days to By-elections

    Zelenskyy Strikes Moscow’s Shatura Power Plant, Delivering A Setback To Putin

    Blow to Putin as Zelenskyy’s Forces Strike One of Moscow’s Largest Power Plants Causing Blackouts Affecting Millions

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    Israeli Has Influence Over Epstein File Release, Republican Member Reveals

    Father Josephat Misigaro Allegedly Abducted In Tanzania After Criticizing Suluhu Administration

    Catholic Priest Allegedly Abducted in Tanzania After Criticizing Suluhu Over Mass Killings

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      Kenya To License Nine Firms For Fibre-Optic Network Rollout

      Kenya to Grant Licences to 9 Companies to Build Fibre-Optic Networks

      Vodacom In Talks To Acquire Additional Safaricom Stake

      Vodacom in Talks to Acquire Additional Safaricom Stake

      Kenya Revenue Authority Staff. Photo/Kra

      Why Gender-Responsive Tax Policies Are Long Overdue

      Microsoft Launches Farmer-Focused Ai That Understands Swahili, Kikuyu, Dholuo And More

      Microsoft Launches Farmer-Focused AI That Understands Swahili, Kikuyu, Dholuo and More

      How Stablecoins Could Change The Way Africa Sends And Receives Money

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      Safaricom Launches Skiza Tunes-Like Video Ring Back Tone Service- How It Works

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    Chyf Places Three Cytonn Project Spvs Under Administration

    Three Cytonn Project SPVs Placed Under Administration

    Q3 2025 Results For Equity, Kcb, Co-Op, Absa And Other Banks

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    Vodacom In Talks To Acquire Additional Safaricom Stake

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    Family Bank Launched Its Medium-Term Note Program In 2021

    Family Bank Announces Books Closure Dates Ahead of Ninth Interest Payment

    I&Amp;M Bank Declares Kes 1.50 Interim Dividend With Total Payout Of Kes 2.61B

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    A Photo Of The Nigerian Zenith Bank. Photo/Zenith

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    A Photo Of Cak Director General David Kibet Photo/ Kbc

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    ABSA and Prime Bank Post Massive Profits in First Nine Months of 2025

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    Kmpdc Headquaters In Nairobi. Photo/Kmpdc

    Govt Warns Hospitals Against Detaining Bodies in New Advisory

    Kutrrh Announces 99 Job Vacancies In Key Medical Roles

    Kenyatta University Hospital Announces 99 Job Openings Across Key Departments

    The Social Health Authority (Sha) Portal. Photo/Afyangu

    How Teachers Can Add and Update Dependents on SHA

    Shiru Wa Gp Confirms Betty Bayo’s Contract To Continue After Death To Support Family

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    KNH Official Charged with Theft of Tablets Worth Ksh 3.6 Million

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    Cj Koome Confirms Dates For Supreme Court December Recess

    CJ Koome Revokes Gazetted Supreme Court December Recess, Confirms Dates

    Dci Hq

    Man Posing as KDF Brigadier Caught Conning Youth with Fake Recruitment Letters

    Tiyah Galgalo Ali Wins Landmark Ruling At High Court

    Court Blocks Replacement of National Land Commissioner Allowing Full Six-Year Term

    Court Issues Fresh Orders On Recruitment Of 10,000 Police Officers

    High Court Lifts Orders Stopping Recruitment of 10,000 Police Officers

    Icj Judges’ Salaries, Immunities, And Exclusive Privileges

    Phoebe Okowa: Prestigious Perks and Privileges Kenyan Elected ICJ Judge will Enjoy

    Kemsa Warehouse In Nairobi. Photo/Courtesy

    Former KEMSA Directors Win Ksh12 Million for Being Sent on Forced Leave

    Court Awards Ex-Kdf Officer Kshs 8 Million Over Sabbath Dispute

    Court Awards Ex-KDF Soldier Fired for Refusing to Work on Saturdays KSh8 Million

    Odm Rally In Homabay

    Furious Wanga Issues Demands as ODM Feels the Heat in Kasipul

    Kenyan Prince'S Mercedes-Benz Gle Impounded By Police

    Kenyan Prince’s Mercedes-Benz GLE Impounded by Police

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    Ben Wanyonyi Rides Motorycle From Tongaren To Kasarani

    Meet Ben Wanyonyi, Tongaren Athlete Who Rode a Motorcycle to Race at Kasarani Stadium

    Ruto Awarded At Caf Awards 2025 For Growing African Football

    Ruto, Suluhu, and Museveni Among Winners at CAF Awards 2025

    How Fkf Is Reviving Kenyan Football Rapidly Through Junior Stars

    Kenya’s New Football Structure Hailed as Junior Stars Face Somalia in AFCON Qualifiers

    Kakamega Homeboyz Unveil Strict New Player Performance

    Kakamega Homeboyz Introduces Strict Rules: Mocking Teammates’ Marital Status Now Punishable

    Kenya’s Harambee Stars Set To Face Senegal In Turkey

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    Sportpesa League Ushers In A New Era For Kenyan Football

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    Police Fc Face Giants Tusker As Fkf Pl Title Defence Continues

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    Govt Reveals When Talanta Stadium Will Be Ready

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    Dj Ag Announces Nairobi Visit For Live Stream Hub And Blockhouse Party

    Renowned British Jamaican DJ AG Expected to Make a High-Profile Visit to Kenya

    A Photo Collage Showing The View Of The Inaugural Nairobi Festival In Nairobi And Kenya’s Rugby Lionesses. Photo/Charles Onyango/Kenya Rugby

    Spice Up Your Weekend: Top November Events in Nairobi for Art Lovers and Families

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    Two Other Migratory Birds Fly Over 6,000 Kms From India To Land In Kenya

    Two Other Migratory Birds Fly Over 6,000 Kms from India to Land in Kenya

    Sonko Breaks Silence On Gender-Based Violence After Daughters' Disturbing Incident

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    Shiru Wa Gp Confirms Betty Bayo’s Contract To Continue After Death To Support Family

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    Kws Issues Statement On Viral Lion At Stedmak Gardens After Abuse Allegations

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    11 Companies to Be Granted Licenses to Export Coffee From Kenya [Full List]

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      Kenya To License Nine Firms For Fibre-Optic Network Rollout

      Kenya to Grant Licences to 9 Companies to Build Fibre-Optic Networks

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      Vodacom in Talks to Acquire Additional Safaricom Stake

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      Why Gender-Responsive Tax Policies Are Long Overdue

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      Safaricom Launches Skiza Tunes-Like Video Ring Back Tone Service- How It Works

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Which is the Poorest Rich Continent

by Peter Ongera
March 26, 2022
Reading Time: 2 mins read
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Before you use your smartphone to Google for the answer, be reminded that in 2021, some 1.5 billion smartphones were sold around the world – up from 122 million units in 2007. As of 2020, nearly four in five (78 percent) people own a smartphone.

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More than half of a mobile phone’s components – including its electronics, display, battery, and speakers – are made from mined and semi-processed materials.

Al Jazeera reports that most of the electronics we use today are based on a number of minerals – from aluminum to zinc.

Lithium and cobalt are some of the key metals used to produce batteries.

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In 2019, about 63 percent of the world’s cobalt production came from the continent.

Tantalum capacitors are found in mobile phones, laptops and in a variety of automotive electronics. The continent produces half of the world’s tantalum.

The World Mining Congress says the world extracted some 17.9 billion tonnes of minerals in 2019.

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Asia was the largest producer, accounting for 59 percent of the world’s total production valued at $1.8 trillion. North America was second with 16 percent, followed by Europe at 7 percent.

The continent produced about 5.5 percent of the world’s minerals worth some $406bn. In 2019, the continent accounted for percent of world trade.

The United Nations says the continent is home to about 30 percent of the world’s mineral reserves, 12 percent of the world’s oil and 8 percent of the world’s natural gas reserves.

The continent also holds 40 percent of the world’s gold and up to 90 percent of its chromium and platinum.

Petroleum and coal are among the most abundant minerals in half of the continent. Metals including gold, iron, titanium, zinc, and copper are the top produced minerals for 11 countries of the continent. There are diamonds, gypsum, salt, Sulphur and phosphates in 13 African countries.

According to the Economic Development by UNCTAD, while in 2019, 478 million people lived in extreme poverty, it is estimated that in 2021, 490 million people in Africa live under the poverty line of 1.90 dollar per day, and this is thirty-seven million people more than what was projected without the COVID-19 pandemic.

The current population of Africa is 1,393,117,266 as of February, based on the latest United Nations estimates.

Africa’s population is equivalent to 16.72 percent of the total world population.

The continent ranks number two among regions of the world ordered by population.

Tags: AfricaEconomyGlobal EconomicsMineralsTantalumUNCTAD

Peter Ongera

Peter Ongera is an award-winning investigative journalist whose fearless reporting has exposed corruption, human rights violations, and illicit financial flows across Kenya and the African continent. With over a decade of experience, Peter has become a trusted voice on issues of governance, electoral integrity, and democratic accountability. His deeply researched stories have been featured by respected platforms including the Thomson Reuters Foundation, Internews, Africa Check, Lida Network, Hivos, and Context. Trained in digital forensics, open-source intelligence (OSINT), and fact-checking, Peter combines cutting-edge verification techniques with a passion for evidence-based storytelling. He has also mentored emerging journalists across the globe, equipping them to hold power to account. Through his work, Peter champions a journalism that not only informs but drives systemic reform; empowering communities to demand transparency, justice, and lasting change. You can reach him at [email protected].

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